Strategic Global Advisors LLC Invests $2.24 Million in Teradata Co. (NYSE:TDC)

Strategic Global Advisors LLC acquired a new position in Teradata Co. (NYSE:TDC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 71,833 shares of the technology company's stock, valued at approximately $2,238,000. Strategic Global Advisors LLC owned 0.08% of Teradata at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of Teradata by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock worth $169,756,000 after acquiring an additional 599,394 shares during the period. AQR Capital Management LLC lifted its position in shares of Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after acquiring an additional 416,585 shares during the period. Pacer Advisors Inc. lifted its position in shares of Teradata by 5.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock worth $67,899,000 after acquiring an additional 108,426 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Teradata by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after acquiring an additional 91,211 shares during the period. Finally, Norges Bank bought a new stake in shares of Teradata in the 4th quarter worth approximately $36,315,000. Institutional investors own 90.31% of the company's stock.

Analyst Ratings Changes

TDC has been the subject of a number of recent research reports. JMP Securities reissued a "market perform" rating on shares of Teradata in a report on Thursday, February 13th. Morgan Stanley raised Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a report on Tuesday, April 8th. Evercore ISI dropped their target price on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada dropped their target price on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Wednesday, February 12th. Finally, Guggenheim dropped their target price on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.50.

Teradata Price Performance

TDC stock traded down $0.67 during midday trading on Wednesday, reaching $21.82. 1,180,318 shares of the company's stock traded hands, compared to its average volume of 1,035,494. The company has a 50-day simple moving average of $21.92 and a two-hundred day simple moving average of $26.85. Teradata Co. has a 1-year low of $18.43 and a 1-year high of $35.60. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 6.23 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The firm had revenue of $418.00 million during the quarter, compared to analysts' expectations of $423.85 million. During the same period last year, the firm posted $0.57 EPS. The business's revenue was down 10.1% on a year-over-year basis. On average, analysts anticipate that Teradata Co. will post 1.31 earnings per share for the current year.

Teradata Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.